Root Insurance
Columbus · Founded 2015
About Root Insurance
Root Insurance is a property-casualty insurtech that offers personalized, affordable coverage in an app. Using technology in smartphones to measure driving behavior such as braking, speed of turns, driving times, and route regularity, Root determines who is a safe driver and who isn't. By only insuring safe drivers, Root can offer more affordable car insurance rates. Root also offers hassle-free and affordable app-based renters insurance, providing coverage that’s easy to understand and is personalized around real consumer needs.
Company Facts
- Founded: 2015
- Operating status: Active
- Company type: For Profit
- IPO status: Public
- Employees: 1,001 – 5,000
- Estimated revenue: $1M – $10M
- Total funding: $1.0B
- Funding stage: IPO
- Last round: Post-IPO Debt (Oct 2024)
- Ticker: nasdaq:ROOT
- Website: joinroot.com
- Phone: +1 866-980-9431
Industries & Categories
Auto Insurance, Automotive, Insurance, InsurTech, Property Insurance
Social Profiles
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